Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
THE BILL & ROSEMARY GALLAGHER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) P O BOX 4787
  Room/suite
City or town
MISSOULA
State or province
MT
Country  
ZIP or foreign postal code
59806
A Employer identification number

91-2138399
B Telephone number (see instructions)

8882657962
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$6,319,077J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 185,742 180,293  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 564,056
b Gross sales price for all assets on line 6a 1,767,151
7 Capital gain net income (from Part IV, line 2)... 564,056
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
534 534  
12 Total. Add lines 1 through 11........ 750,332 744,883  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 96,000     96,000
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,850 0 0 1,850
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
26,085 23,476   2,608
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,478 1,733   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,769 0 0 2,769
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,406     3,406
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 135,588 25,209 0 106,633
25 Contributions, gifts, grants paid....... 379,500 379,500
26 Total expenses and disbursements. Add lines 24 and 25 ................ 515,088 25,209 0 486,133
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 235,244
b Net investment income (if negative, enter -0-) 719,674
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 57,871 145,891 146,146
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,066,714 Click to see attachment
List of Attached Documents:
// Content
1,073,932 		2,456,006
c Investments—corporate bonds (attach schedule)....... 665,139 Click to see attachment
List of Attached Documents:
// Content
711,967 		724,965
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,741,806 Click to see attachment
List of Attached Documents:
// Content
2,835,641 		2,987,527
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
6,253 		Click to see attachment
List of Attached Documents:
// Content
4,433 		Click to see attachment
List of Attached Documents:
// Content
4,433
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,537,783 4,771,864 6,319,077
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 4,537,783 4,771,864
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,537,783 4,771,864
30 Total liabilities and net assets/fund balances (see instructions). 4,537,783 4,771,864
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,537,783
2
Enter amount from Part I, line 27a .....................
2
235,244
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
458
4
Add lines 1, 2, and 3 ..........................
4
4,773,485
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
1,621
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
4,771,864
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 150. ALBEMARLE CORP   2019-06-06 2025-01-30
b 115. CHUBB LIMITED COM   2011-03-03 2025-01-30
c 25000. FRANKLIN RESOURCES 2.850% 3/30/25   2020-05-27 2025-03-30
d 50000. U S TREASURY NT 2.625% 3/31/25   2023-11-15 2025-03-31
e 125. CATERPILLAR INC   2021-08-11 2025-05-23
346. ISHARES MSCI EAFE VALUE ETF   2018-10-11 2025-05-23
267. ISHARES MSCI EAFE GROWTH ETF   2020-09-18 2025-05-23
9803.922 WESTERN ASSET INCOME IS   2024-12-02 2025-05-23
68. UNITEDHEALTH GROUP INC COM   2017-05-18 2025-05-23
41. ALPHABET INC CL A   2023-02-16 2025-07-01
139. AMAZON.COM INC   2017-05-17 2025-07-01
165. APPLE COMPUTER INC   2005-05-19 2025-07-01
450. CENTENE CORP COM   2021-08-11 2025-07-01
2100. ISHARES MSCI EMERGING EX CHINA ETF   2024-02-08 2025-07-01
400. MARATHON PETROLEUM CORP   2016-08-31 2025-07-01
94. MASTERCARD INC   2009-11-18 2025-07-01
114. MICROSOFT CORP   2005-06-13 2025-07-01
120. NVIDIA CORP COM   2023-03-22 2025-07-01
318. SPDR S P MIDCAP 400 ETF   2022-12-05 2025-07-01
1. CARDINAL HEALTH INC   1911-11-11 2025-07-16
47. UNITEDHEALTH GROUP INC COM   2017-05-18 2025-08-05
908. ISHARES CORE U.S. AGGREGATE BOND ETF   2024-09-10 2025-08-06
50000. INTEL CORP 4.875% 2/10/26   2023-02-16 2025-09-10
50000. U S TREASURY NT 4.250% 11/30/26   2024-11-29 2025-09-10
60. ADOBE SYS INC   2025-07-01 2025-09-15
175. AIRBNB INC CL A   2021-04-07 2025-09-15
100. TARGET CORP   2020-02-27 2025-09-15
115. TEXAS INSTRS INC COM   2020-03-09 2025-09-15
420. MEDTRONIC PLC SHS   2015-03-18 2025-09-15
50000. MASTERCARD INC 2.950% 11/21/26   2023-12-01 2025-09-17
33. DANAHER CORP   2024-12-10 2025-10-23
124. HONEYWELL INTL INC   2019-01-22 2025-10-23
19. INTUIT COM   2021-04-07 2025-10-23
52. MICRON TECHNOLOGY INC   2025-09-15 2025-10-23
71. NVIDIA CORP COM   2023-03-22 2025-10-23
300. STARBUCKS CORP COM   2010-10-18 2025-10-23
.75 SOLSTICE ADV MATL COM   2019-01-22 2025-11-14
50000. U S TREASURY NT 4.375% 11/15/25   2022-11-18 2025-11-15
50000. CHEVRON CORPORATION 3.326% 11/17/25   2022-03-03 2025-11-17
482. SPDR S P MIDCAP 400 ETF   2009-06-29 2025-12-08
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 12,907   12,348 559
b 31,555   8,843 22,712
c 25,000   26,808 -1,808
d 50,000   50,000  
e 42,818   27,727 15,091
21,835   17,053 4,782
28,881   24,549 4,332
48,824   49,405 -581
19,882   19,928 -46
7,210   4,044 3,166
30,820   8,725 22,095
34,324   218 34,106
25,626   31,664 -6,038
132,819   116,623 16,196
68,425   17,641 50,784
53,189   2,145 51,044
56,108   4,930 51,178
18,441   3,258 15,183
182,699   145,453 37,246
83     83
11,446   8,053 3,393
90,010   92,226 -2,216
50,061   49,847 214
50,328   50,064 264
20,865   23,476 -2,611
21,035   24,440 -3,405
8,906   10,845 -1,939
20,353   12,380 7,973
39,259   32,773 6,486
49,512   49,040 472
7,336   7,780 -444
27,085   18,893 8,192
12,813   7,713 5,100
10,570   8,154 2,416
12,842   1,927 10,915
25,619   19,191 6,428
33   25 8
50,000   50,367 -367
50,000   51,951 -1,951
291,882   112,588 179,294
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
      25,750
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       559
b       22,712
c       -1,808
d        
e       15,091
      4,782
      4,332
      -581
      -46
      3,166
      22,095
      34,106
      -6,038
      16,196
      50,784
      51,044
      51,178
      15,183
      37,246
      83
      3,393
      -2,216
      214
      264
      -2,611
      -3,405
      -1,939
      7,973
      6,486
      472
      -444
      8,192
      5,100
      2,416
      10,915
      6,428
      8
      -367
      -1,951
      179,294
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 564,056
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 10,003
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 10,003
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,003
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 2,848
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,848
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 7,155
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
DE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addresswww.thegallagherfoundation.org/
14
The books are in care ofUS BANK NA Telephone no. (888) 265-7962

Located at60 LIVINGSTON AVESAINT PAULMN ZIP+455107
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CAROLYN MAIER EXECUTIVE DIRECTOR
40 		96,000    
PO BOX 3387
MISSOULA,MT59806
RICK HART CHAIRMAN
1 		0    
PO BOX 4787
MISSOULA,MT59806
LARRY GIANCHETTA VICE CHAIRMAN
1 		0    
PO BOX 4787
MISSOULA,MT59806
RICK BASKETT SECRETARY/TREASURER
1 		0    
PO BOX 4787
MISSOULA,MT59806
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
6,041,827
b
Average of monthly cash balances.......................
1b
132,526
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
6,174,353
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
6,174,353
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
92,615
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,081,738
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
304,087
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
304,087
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
10,003
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,003
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
294,084
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
294,084
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
294,084
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
486,133
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
486,133
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 294,084
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 120,986
b From 2021...... 78,230
c From 2022...... 72,762
d From 2023...... 186,239
e From 2024...... 186,291
f Total of lines 3a through e ........ 644,508
4Qualifying distributions for 2025 from Part
XI, line 4: $ 486,133
a Applied to 2024, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 294,084
e Remaining amount distributed out of corpus 192,049
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 836,557
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		120,986
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		715,571
10 Analysis of line 9:
a Excess from 2021 .... 78,230
b Excess from 2022 .... 72,762
c Excess from 2023 .... 186,239
d Excess from 2024 .... 186,291
e Excess from 2025 .... 192,049
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
CAROLYN MAIER
PO BOX 3387
MISSOULA,MT59806
(406) 240-6353
bThe form in which applications should be submitted and information and materials they should include:
CONTACT ABOVE
cAny submission deadlines:
CONTACT ABOVE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
CHARITIES IN THE STATE OF MONTANA
Form 990-PF (2025)
Form 990-PF (2025)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

FLORENCE CRITTENTON HOME

901 N HARRIS
HELENA,MT59601 		NONE   GENERAL OPERATING 20,000

MONTANA FOOD BANK

5625 EXPRESSWAY
MISSOULA,MT59808 		NONE   GENERAL OPERATING 25,000

MISSOULA CHILDREN'S THEATRE

200 NORTH ADAMS
MISSOULA,MT59802 		NONE   GENERAL OPERATING 7,500

BONNER PTA

PO BOX 1004
BONNER,MT59823 		NONE   GENERAL OPERATING 5,000

OPEN ENDED COMMUNITY ARTS CENTER

201 DALY AVE
HAMILTON,MT59840 		NONE   GENERAL OPERATING 4,000

MISSOULA AGING SERVICES

337 STEPHENS AVE
MISSOULA,MT59801 		NONE   GENERAL OPERATING 10,000

FRIENDS OF THE CHILDREN

400 W BROADWAY
MISSOULA,MT59802 		NONE   GENERAL OPERATING 5,000

MISSOULA SYMPHONY ASSOCIATION

PO BOX 8301
MISSOULA,MT59801 		NONE   GENERAL OPERATING 5,000

PARTNERSHIP FOR CHILDREN

427 PAJARO ST STE 5
SALINAS,CA939013459 		NONE   GENERAL OPERATING 15,000

GARDEN CITY HARVEST

PO BOX 205
MISSOULA,MT59806 		NONE   GENERAL OPERATING 5,000

WRITING COACHES OF MONTANA

1414 S 5TH ST W
MISSOULA,MT598012420 		NONE   GENERAL OPERATING 4,000

RAMPS

1801 S HIGGINS
MISSOULA,MT59801 		NONE   GENERAL OPERATING 5,000

TAMARACK GRIEF RESOURCE CENTER

405 S 1ST ST W
MISSOULA,MT59801 		NONE   GENERAL OPERATING 5,000

PROMISE 686 INC

5300 TRIANGLE PKWY STE 202
NORCROSS,GA300928004 		NONE   GENERAL OPERATING 5,000

MISSOULA BUTTERFLY HOUSE

1075 SOUTH AVE W SUITE 2
MISSOULA,MT59801 		NONE   GENERAL OPERATING 5,000

SUMMIT FOR PARKINSONS

PO BOX 2235
MISSOULA,MT598062235 		NONE   GENERAL OPERATING 5,000

MISSOULA DOWNTOWN FOUNDATION INC

218 E MAIN ST SUITE C
MISSOULA,MT59802 		NONE   GENERAL OPERATING 10,000

CHILD BRIDGE INC

PO BOX 310
BIGFORK,MT599110310 		NONE   GENERAL OPERATING 10,000

SEELEY LAKE COMMUNITY FOUNDATION

PO BOX 25
SEELEY LAKE,MT598680025 		NONE   GENERAL OPERATING 5,000

COMMUNITY HEALTH ALLIANCE

2315 MCDONALD AVE 102
MISSOULA,MT59801 		NONE   GENERAL OPERATING 4,000

OPERATION WARM INC

PO BOX 822431
PHILADELPHIA,PA19182 		NONE   GENERAL OPERATING 4,000

MISSOULA INTERFAITH COLLABORATIVE

2205 34TH ST
MISSOULA,MT598018835 		NONE   GENERAL OPERATING 5,000

KIDS COOP

34224 S FINLEY POINT RD
POLSON,MT598607899 		NONE   GENERAL OPERATING 6,000

STEVENSVILLE PLAYHOUSE INC

319 MAIN ST
STEVENSVILLE,MT598702531 		NONE   GENERAL OPERATING 5,000

YWCA

1020 19TH ST NW
WASHINGTON,DC20036 		NONE   GENERAL OPERATING 7,500

ROCKY MOUNTAIN BALLET THEATRE

2704 BROOKS ST
MISSOULA,MT598017868 		NONE   GENERAL OPERATING 5,000

YOUTH HOMES

PO BOX 7616
MISSOULA,MT598077616 		NONE   GENERAL OPERATING 51,000

WATSON CHILDREN'S SHELTER INC

4978 BUCKHOUSE LANE
MISSOULA,MT59802 		NONE   GENERAL OPERATING 7,500

SANDERS CO COUNCIL ON AGING

PO BOX 339
HOT SPRINGS,MT59845 		NONE   GENERAL OPERATING 7,000

GARDEN CITY BALLET COMPANY

PO BOX 3555
MISSOULA,MT59806 		NONE   GENERAL OPERATING 1,500

CASA OF MISSOULA

PO BOX 7433
MISSOULA,MT59807 		NONE   GENERAL OPERATING 6,000

MISSOULA ART MUSEUM

335 PATTEE ST
MISSOULA,MT598024520 		NONE   GENERAL OPERATING 3,000

HAMILTON PLAYERS INC

100 RICKETTS RD
HAMILTON,MT598409523 		NONE   GENERAL OPERATING 2,500

TRAVELERS REST CONNECTION

PO BOX 995
LOLO,MT59847 		NONE   GENERAL OPERATING 5,000

MOUNTAIN HOME MONTANA

2606 SOUTH AVE W
MISSOULA,MT598046406 		NONE   GENERAL OPERATING 35,000

PARTNERS HOPE FOUNDATION

PO BOX 1262
MISSOULA,MT598061262 		NONE   GENERAL OPERATING 5,000

SMILES ACROSS MONTANA

105 GREY WOLF TRAIL
BOZEMAN,MT59718 		NONE   GENERAL OPERATING 5,000

SUMMIT CAREER CENTER

100 FORT OWEN RANCH ROAD
STEVENSVILLE,MT59807 		NONE   GENERAL OPERATING 7,500

MISSOULA FAIRGROUNDS

1101 S AVE W
MISSOULA,MT59801 		NONE   GENERAL OPERATING 20,000

BOYS GIRLS CLUB OF MISSOULA COUNTY

715 KENSINGTON AVE STE 16
MISSOULA,MT598015700 		NONE   GENERAL OPERATING 8,000

THE PRODUCER PARTNERSHIP

356 FRONTAGE RD E
LIVINGSTON,MT590479101 		NONE   GENERAL OPERATING 5,000

BROVOLD COMMUNITY ORCHARD

8250 LAZY H TRL
MISSOULA,MT598081101 		NONE   GENERAL OPERATING 2,500

MOUNTAIN HEALTH GIVES

810 HIALEAH CT
HELENA,MT596010487 		NONE   GENERAL OPERATING 3,000

HOME RESOURCE

1515 WYOMING ST STE 100
MISSOULA,MT598011588 		NONE   GENERAL OPERATING 5,000

SPARK ARTS IGNITE LEARNING

PO BOX 371
MISSOULA,MT598060371 		NONE   GENERAL OPERATING 3,000

ANGEL FLIGHT WEST INC

3163 DONALD DOUGLAS LOOP S
SANTA MONICA,CA904053210 		NONE   GENERAL OPERATING 5,000
Total ................................. 3a 379,500
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 185,742  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 564,056  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    1 534  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   750,332  
13Total. Add line 12, columns (b), (d), and (e)..................
13
750,332
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,850     1,850

TY 2025 InvestmentsCorpBondsSchedule
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Name of Bond End of Year Book Value End of Year Fair Market Value
354613AK7 FRANKLIN RESOURCES    
166764BD1 CHEVRON CORP    
91282CFU0 U S TREASURY NT 50,365 50,555
91282CFW6 U S TREASURY NT    
30303M8G0 META PLATFORMS INC 47,593 49,901
458140CD0 INTEL CORP    
57636QAG9 MASTERCARD INC    
665859AT1 NORTHERN TRUST CORP 47,023 49,889
74460DAD1 PUBLIC STORAGE 45,203 48,981
9128284F4 U S TREASURY NT    
05724BAA7 BAKER HUGHES LLC L P 49,594 50,349
14913UAN0 CATERPILLAR MTN 49,976 50,260
63743HFP2 NATIONAL RURAL MTN 50,414 51,637
91282CLY5 U S TREASURY NT    
02665WEV9 AMERICAN HONDA MTN 52,142 52,156
110122EG9 BRISTOL MYERS 52,261 52,063
244199BJ3 DEERE COMPANY 57,002 57,805
482480AF7 KLA TENCOR CORP 53,927 53,065
91282CNC1 U S TREASURY NT 50,895 50,414
91324PEJ7 UNITEDHEALTH GROUP 58,204 59,237
98388MAB3 XCEL ENERGY INC 47,368 48,653

TY 2025 InvestmentsCorpStockSchedule
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Name of Stock End of Year Book Value End of Year Fair Market Value
15135B101 CENTENE CORP COM    
46625H100 JPMORGAN CHASE CO 13,501 104,722
060505104 BANK OF AMERICA CORP 5,573 27,005
438516106 HONEYWELL INTL INC 11,876 17,753
57636Q104 MASTERCARD INC 593 14,843
87612E106 TARGET CORP COM    
03027X100 AMERICAN TOWER CORP 23,648 26,336
594918104 MICROSOFT CORP COM 13,355 179,423
375558103 GILEAD SCIENCES INC 23,894 42,959
02079K305 ALPHABET INC CL A 9,900 174,967
031162100 AMGEN INC 23,271 40,914
882508104 TEXAS INSTRUMENTS IN    
037833100 APPLE INC COM 990 203,895
30303M102 META PLATFORMS INC 32,189 82,511
56585A102 MARATHON PETROLEUM C    
012653101 ALBEMARLE CORP    
17275R102 CISCO SYSTEMS INC 17,241 46,218
855244109 STARBUCKS CORP COM    
023135106 AMAZON.COM INC 25,301 129,490
931142103 WALMART INC COM 21,152 91,913
437076102 HOME DEPOT INC 47,932 60,218
79466L302 SALESFORCE INC 13,880 23,842
G5960L103 MEDTRONIC PLC    
H1467J104 CHUBB LIMITED COM    
91324P102 UNITEDHEALTH GROUP I    
808513105 SCHWAB CHARLES CORP 8,033 29,973
149123101 CATERPILLAR INC    
893641100 TRANSDIGM GROUP INC 11,540 26,597
461202103 INTUIT COM 21,802 37,096
67066G104 NVIDIA CORP COM 24,632 197,504
217204106 COPART INC COM 33,964 39,150
009066101 AIRBNB INC CL A    
00287Y109 ABBVIE INC 34,816 51,410
617446448 MORGAN STANLEY 22,329 44,383
084670702 BERKSHIRE HATHAWAY I 17,864 25,133
235851102 DANAHER CORP 60,832 60,435
64110L106 NETFLIX.COM INC 23,029 46,880
65339F101 NEXTERA ENERGY INC 57,789 66,231
697435105 PALO ALTO NETWORKS I 12,335 17,683
74340W103 PROLOGIS INC 20,579 22,341
78409V104 S P GLOBAL INC COM 17,038 26,130
81762P102 SERVICENOW INC 26,890 27,574
G29183103 EATON CORP PLC SHS 28,985 39,814
09290D101 BLACKROCK INC COM 19,250 50,306
166764100 CHEVRON CORP COM 15,553 15,241
482480100 KLA CORP COM NEW 24,503 46,173
58733R102 MERCADOLIBRE INC 29,175 30,214
05722G100 BAKER HUGHES COMPANY 20,682 24,136
14040H105 CAPITAL ONE FINL COR 32,122 35,142
16411R208 CHENIERE ENERGY INC 19,963 16,329
46120E602 INTUITIVE SURGICAL I 24,414 31,716
502431109 L3HARRIS TECHNOLOGIE 25,819 25,834
565394103 MAPLEBEAR INC COM 22,222 21,410
595112103 MICRON TECHNOLOGY IN 29,635 53,942
679295105 OKTA INC 36,311 31,907
83443Q103 SOLSTICE ADV MATL CO 719 1,069
871607107 SYNOPSYS INC 25,226 25,835
88339J105 TRADE DESK INC THE C 41,585 21,409

TY 2025 InvestmentsOtherSchedule2
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
464288885 ISHARES MSCI EAFE GR AT COST 42,190 60,719
464287226 ISHARES CORE U.S. AG      
464287804 ISHARES CORE S P SMA AT COST 158,919 204,306
46432F842 ISHARES CORE MSCI EA AT COST 203,930 322,056
74440B884 PGIM TOTAL RETURN BO AT COST 550,791 523,254
464288877 ISHARES MSCI EAFE VA AT COST 54,704 82,407
78467Y107 SPDR S P MIDCAP 400      
04314H568 ARTISAN HIGH INCOME AT COST 202,919 184,470
03463K406 ANGEL OAK MULTI STRA AT COST 200,742 187,388
808524847 SCHWAB US REIT ETF AT COST 108,392 108,628
46435U853 ISHARES BROAD USD HI AT COST 89,490 95,357
46434G764 ISHARES MSCI EMERGIN      
52470V822 WESTERN ASSET INCOME      
921937835 VANGUARD TOTAL BOND AT COST 571,237 576,265
024524217 AMERICAN BEACON STEP AT COST 95,000 74,944
46434G103 ISHARES CORE MSCI EM AT COST 135,644 151,581
861728400 STONE RIDGE HY REINS AT COST 100,000 95,294
922042742 VANGUARD TOTAL WORLD AT COST 123,562 133,584
922908629 VANGUARD MID CAP ETF AT COST 99,360 98,675
949915482 ALLSPRING SPECIAL MI AT COST 98,761 88,599

TY 2025 OtherAssetsSchedule
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
000000000 MISCELLANEOUS ENTRY 6,253 4,433 4,433


TY 2025 OtherDecreasesSchedule
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Description Amount
CY PURCHASE OF ACCRUED INTEREST 223
ROUNDING 24
ROC ON CY SALES 595
PY RETURN OF CAPITAL ADJUSTMENT 758
TAX LOT BASIS ADJUSTMENT 21


TY 2025 OtherExpensesSchedule
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE COVERAGE 961 0   961
SHIPPING EXPENSES 753 0   753
SOFTWARE EXPENSES 744 0   744
CT CORPORATION - ANNUAL FEE 587 0   587
OFFICE SUPPLIES 361 0   361


TY 2025 OtherIncomeSchedule2
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 534 534  


TY 2025 OtherIncreasesSchedule
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Description Amount
PY PURCHASE OF ACCRUED INTEREST 407
CREDIT CARD TIMING ADJUSTMENT 51


TY 2025 OtherProfessionalFeesSchedule
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 26,085 23,476   2,608


TY 2025 TaxesSchedule
Name:
THE BILL & ROSEMARY GALLAGHER FOUNDATION
EIN:
91-2138399
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,088 1,088   0
FEDERAL TAX PAYMENT - PRIOR YE 897 0   0
FEDERAL ESTIMATES - PRINCIPAL 2,848 0   0
FOREIGN TAXES ON NONQUALIFIED 645 645   0